Arsenal may use Alexandre Lacazette as part of a major swap deal.

Arsenal are considering a swap deal with Atletico Madrid that would see Alexandre Lacazette moving to Spain and Thomas Lemar coming the other way. According to AS, the Gunners have already indicated that they are open to offers for Lacazette, who is among Atletico's top targets ahead of the summer transfer window.

Arsenal star Alexandre Lacazette has been linked with a swap deal (Image: GETTY)

The France international's performances in Madrid have been so below par that even Atleti manager Diego Simeone admitted that he "hasn’t been able to live up to expectations" since his £53million move from Monaco.

Arsenal, though, appear to still be interested in Lemar, whose value has significantly dropped following his recent performances at the Wanda Metropolitano Stadium.